Monday, 16 July 2012

Morning Summary- Market Synopsis- 16 July, 2012

Good Morning Everyone,
The markets were seen trading on a flat note after the initial gains. Sensex was trading at 17228 while Nifty was trading at 5230, almost flat from Friday's close. The investors will be eagerly waiting for the presidential election this week. The period after the presidential polls is likely to be an important one amid growing expectations on the reforms front. In terms of data, the Government will release wholesale (WPI) inflation today and retail (CPI) inflation later this week. Sectorally, IT and Metal are trading with loss of over one percent while Healthcare was the top gainer. The market breadth was positive and five stocks were seen advancing against every four declines.
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